All MCA Insight articles in August 2013 – Page 23
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News
Operators collect employer award nominations
YO! Sushi, Salt Yard Group, Peach Pub Company and Young’s are amongst the companies shortlisted for the Caterer.com’s Best Employers in Hospitality Awards 2013
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News
Browns extends apprenticeship scheme
Browns, in conjunction with Apprentice 1st, has launched the second phase of its apprenticeship scheme to kick start career development and drive within the industry
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News
Analyst corner
Simon French of Panmure Gordon looks ahead to the Q3 update from Enterprise Inns which is due next Thursday (8 August), expects like-for-like net income to have improved but downgrades his long-standing Buy recommendation to Hold
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Analysis & InsightALMR sees ‘green shoots’ in the pub sector
Signs of robust growth and confidence are creeping back into the pub sector, according to the AMLR. Its annual Benchmarking Report finds that investment in staff and premises are returning to near pre-recession levels, and like-for-like sales and margins are in meaningful growth.
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News
Enterprise brings c£5m package to the market
Enterprise Inns has placed a six-strong freehold package of pubs based in and around London on the market with a combined sales price of just under £5m
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News
Tossed duo eye Asian concept
Vincent McKevitt, the founder of Tossed and its finance director Neil Sebba, are believed to be looking to launch a new Asian concept called Sama
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News
Operators eyed for Silverburn extension
Hammerson has announced that its 120,000sq ft extension at Silverburn Glasgow is to be anchored by a 14-screen Cineworld cinema and feature nine restaurant units
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Analysis & InsightLfls up across pub market, but average running costs also climb
Like-for-like sales climbed 5.8% across the UK’s pub sector in the year to October 2012, with community locals and food led outlets outperforming the market. However, the report found that for first time in four years, the average cost of running the average pub has increased.
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NewsPing Pong consolidates estate
Ping Pong is to consolidate its eight-strong UK estate, after putting two restaurants on the market and closing in on a pair of new sites
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News
Prezzo grows Chimichanga pipeline
Prezzo has strengthened the pipeline of future openings for its Mexican brand, Chimichanga, by securing further sites in Solihull and Oxford
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NewsFrench raises TP for JDW
Leading analyst Simon French has upgraded his earnings per share forecast and Target Price for JD Wetherspoon following last week’s “better than expected” trading update
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News
Hosts warned over false hygiene scores
Licensees displaying incorrect food hygiene ratings could face prosecution, the Food Standards Agency (FSA) has warned
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News
Hartnett takes ex-Ramsay site
Michelin starred chef Angela Hartnett is to open a new restaurant at a site formerly run by her mentor Gordon Ramsay at 33 St. James’s Street in central London
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News
French cuts EPS forecast for Marston's
Leading sector analyst Simon French has reduced his earnings per share forecast for Marston’s and said the market remains concerned that there’s little discernible uplift in profitability
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News
Tourism VAT cut campaign steps up
A campaign to reduce VAT to 5% for the tourism sector is targeting different regions of the UK
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News
Birmingham Council withdraws from Responsibility Deal
Birmingham City Council is the latest body to withdraw from the Responsibility Deal over the decision to shelve plans to introduce minimum pricing of alcohol and plain packaging for cigarettes
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News
Bill’s to open in Leamington Spa
Bill’s Restaurants, the fast-growing Richard Caring-backed chain, has secured a site in Leamington Spa
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News
Karlton & Barlow: new site, sales rise
The North West-based pub company is set to announce its fifth site by the end of this month as it reports a 5.7% rise in like-for-like sales in the first half of 2013
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News
Boston Tea Party plans further expansion
Boston Tea Party is set to ramp up its expansion plans across the region after announcing it will open its fifth site in Bristol next month
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Analysis & Insight
Two in three bars serve bombs
‘Bombs’ are now served at two in three bars and almost half of pubs, new research from CGA shows